* Soybean area in Brazil could fall due to price fall
(Adds quote, details)

By Rajendra Jadhav

MUMBAI, Sept 27 (Reuters) - Malaysian crude palm oil prices
are likely to rise nearly 8 percent to 2,350 ringgit a tonne by
February 2015 as a reduction in inventories and lower yields
offset an expected drop in crude oil prices, a top industry
analyst said on Saturday.

"In oil palm, you will see lower fertiliser applications and
longer gaps between harvesting rounds. The result will be some
drop in output," James Fry, chairman of commodities consultancy
LMC International, told the Globoil India conference in Mumbai.

"On top of the fall that would occur if yields simply
reverted to normal after a year characterised by generally good
weather."

Forecasting palm oil price to rise to 2,350 ringgit, the
London-based analyst assumes the price of Brent crude
will drop to $90 per barrel until February. Brent is now
around $97 a barrel, after hitting a two year low of $95.60
earlier this week.
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